12 °c
London
Monday, June 27, 2022
No Result
View All Result
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
FurtherAfrica
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About
No Result
View All Result
FurtherAfrica
No Result
View All Result
Home Africa

Africa’s top Fintech Companies of 2020

TechGist Africa by TechGist Africa
September 14, 2020
in Africa, Capital Markets, Entrepreneurship, Finance, Fintech, Investing, Startup, Venture Capital
Reading Time: 2 mins read
2.8k 178
0
African Fintech: Growth, Profit and Forecasts
Share via QRWhatsappShare on FacebookShare on TwitterLinkedInPinteresteMail

These African fintech companies, OPay, PalmPay, Flutterwave and Yoco are listed on the third annual Fintech 250: Top Fintech Companies of 2020. The Fintech 250 is CB Insights’ list of the top 250 private fintech companies that leverage technology to disrupt the financial service sector.

It includes startups at different stages of development – from early-stage companies to well-funded unicorns. In the last five years, the 2020 cohort raised about US$49.2B in aggregate funding across nearly 900 deals. Grab, a Singapore-based fintech tops the list of most funds raised with US$9.7B amassed over five years.

These companies out of about 16,000 either applied or were nominated. The 250 were selected based on the data each company submitted, business models, market dominance, and Mosaic scores – CB Insight’s proprietary algorithm that measures the health and growth potential of private companies.

Also read: Venture Capital: And now the EXITS courtesy of the Pandemic

OPayis the most funded company in Africa and 79th in CB Insights’ Fintech 250 list of Top 100 Most Well-fundedFintechs. It has secured US$170M investment from its parent company, Sequoia Capital, IDG Capital, Source Code Capital, Meituan Dianping, and GSR Ventures. The $170 million raised byOPayis only 1.75% of the $7.8 billion raised by Grab over the same five-year period.

PalmPay ranked 195 on the list and has raised US$40M from investors like NetEase, MediaTek, and Transsion Holdings.

South Africa’s Yoco ranked 230 on CB Insights’ list of companies that secured funds in the last 5 years. Yoco raised US$33M investment capital from its biggest investors, including Partech Partners, Greyhound Capital, QuonaCapital, FMO, and Orange Digital Ventures.

Access the full list here.

Related

Tags: africaAfrica's top Fintech Companies of 2020African fintechAfrican startupsCB InsightsfintechFintech 250FlutterwaveFMOfunding roundGrab SingaporeGreyhound CapitalGSR VenturesIDG CapitalInvestingMediaTekMeituan DianpingNetEaseOPayOrange Digital VenturesPalmPayPartech PartnersQuonaCapitalSequoia CapitalSource Code CapitalStartupsTech Gist AfricaTranssion Holdingsunicorn startupunicornsventure capitalYocoафрикаأفريقياアフリカ非洲
ScanSendShare1188Tweet743Share208Pin267Send
TechGist Africa

TechGist Africa

Tech Gist Africa is a leading online technology and digital media outlet, dedicated to providing latest tech news, product launch, startup news across.

Related Posts

Business

Heineken Ethiopia introduces malt-based energy drink

by FurtherAfrica
June 27, 2022
Government

Ramaphosa urges for UN Security Council reform

by FurtherAfrica
June 27, 2022
Energy

TechnipFMC awarded Angola offshore subsea contract

by Energy Capital & Power
June 27, 2022
Energy

Total renewables & gas – the way to Mozambique’s new electricity demand

by Fabio Scala
June 27, 2022
Sonangol
Business

Publication of Sonangol’s accounts awaits statutory obligations

by FurtherAfrica
June 27, 2022
Angola Oil & Gas 2022
 
AFSIC 2022
 
Great Limpopo Transfrontier Park
 
MozParks

Translate this page

Read the Latest

Business

Heineken Ethiopia introduces malt-based energy drink

by FurtherAfrica
June 27, 2022
0

HEINEKEN Ethiopia today officially introduced its latest product, a non-alcoholic Energy drink “BERTAT” to the Ethiopian Market. The new product...

Read more

Ramaphosa urges for UN Security Council reform

June 27, 2022

TechnipFMC awarded Angola offshore subsea contract

June 27, 2022

Total renewables & gas – the way to Mozambique’s new electricity demand

June 27, 2022
Sonangol

Publication of Sonangol’s accounts awaits statutory obligations

June 27, 2022

FurtherAfrica Partners Network

The Exchange Club of Mozambique Taarifa Rwanda
TechGist Africa Africa Oil & Power Farmers Review Africa
Tanzania Invest Zambia Invest See Africa Today
Africa Global Funds Novafrica CrudeMix Africa
Harambee Africa Botswana unplugged Financial Insights Zambia
Digilogic Africa Web3Africa

Subscribe to FurtherAfrica

Enter your email address to receive new articles on your email.

Join 73,051 other subscribers.

FurtherAfrica

© 2021 FurtherMarkets

FurtherAfrica is a FurtherMarkets Limited platform

  • Countries
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

Follow Us

No Result
View All Result
  • Countries
    • Angola
    • Botswana
    • Cape Verde
    • DRC
    • Eswatini
    • Ethiopia
    • Kenya
    • Malawi
    • Mauritius
    • Mozambique
    • Namibia
    • Nigeria
    • Rwanda
    • South Africa
    • Tanzania
    • Uganda
    • Zambia
    • Zimbabwe
  • Interviews
  • Understanding
  • Videos
  • Travel
  • Weekend
  • About

© 2021 FurtherMarkets

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?